Northeast Real Estate Business

NOV-DEC 2015

Northeast Real Estate Business magazine covers the multifamily, retail, office, healthcare, industrial and hospitality sectors in the Northeast United States.

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Page 27 of 64 Northeast Real Estate Business • November/December 2015 • 27 C O N N E C T I C U T & R H O D E I S L A N D Griffn Land (860) 286-7660 Owned & Managed By: Find out why Amazon, Walgreens, Eaton, Dollar Tree, Domino's, Westnghouse, FedEx, Pepsi, UPS and Tire Rack all chose to lo- cate within central Connectcut's premier industrial market. Class A warehouse/fex availabilites ranging from 4,900 - 137,000 SF • 26' - 30' ceiling heights available • Shovel ready development sites accommodatng buildings from • 60,000 - 750,000 SF Master planned industrial park with FTZ, Airport Development Zone, • and other incentve packages Class A Industrial Space & Shovel Ready Sites TREVOR DAVIS COMMERCIAL ARRANGES FOUR LEASES AT MIDDLETOWN BUSINESS PARK MIDDLETOWN, CONN. — Trevor Da- vis Commercial Real Estate LLC has arranged four leases at Middletown Business Park in Middletown. New Tech Installation leased 3,171 square feet; the State of Connecticut Depart- ment of Administrative Services, De- partment of Rehabilitation Services inked a deal for 1,340 square feet; UBTS leased 583 square feet; and A&B Home Health Care will occupy 411 square feet. The landlord is BostonMiddle- town LLC. Trevor Davis of Trevor Da- vis Commercial was the sole broker in the transactions. The 75,000-square- foot offce and light industrial park is now 85 percent occupied. LYMAN REAL ESTATE BROKERS SALE OF 21-ACRE LAND PARCEL IN CONNECTICUT BLOOMFIELD, CONN. — Westbrook, Conn.-based Lyman Real Estate has brokered the sale of 21 acres of land at 2 Mucko Road, located at the corner of Woodland Avenue in Bloomfeld. Vernon Hills, Ill.-based Deringer-Ney Inc. acquired the property for $850,000. The buyer develops precious metal alloys and precision components for the medical device, automotive, semiconductor, aerospace and appliance industries. Ron Lyman of Lyman Real Es- tate represented the sellers, Elizabeth Fernandez and Ma- rie Mercaldi, in the transaction. THE DAVIS COMPANIES OPENS WESTPORT CENTER FOR HEALTH IN CONNECTICUT WESTPORT, CONN. — The Davis Companies has com- pleted the renovation of an underutilized offce park at 321-329 Riverside Ave. in Westport to create Westport Cen- ter for Health. The center offers 38,000 square feet of med- ical offce space. The center is now open and The Davis Companies has executed leases with Village Pediatrics and Women's Health Connecticut. The center is located directly off Interstate 95, less than one mile from the Westport Train Station and the town center. Sean McDonnell, Lori Baker and Eva Kornreich of Avison Young are handling leasing efforts for the property. FANTINI & GORGA SECURES $28.2 MILLION LOAN FOR EXETER MILL APARTMENTS EXETER, N.H. — Fantini & Gorga has arranged $28.2 million in perma- nent fnancing for Exeter Mill Apart- ments in Exeter. The company placed the 35-year, fxed-rate loan with its correspondent MAP Lender, Eastern Mortgage Capital. FHA insured the loan under the 223(f) program, which provides long-term, fxed-rate, non- recourse fnancing. Redeveloped in 1987, the 161-unit apartment commu- nity consists of a mix of fats, lofts, du- plexes and townhomes. On-site ame- nities include an indoor heated pool, sauna, ftness center, resident lounge and garage parking. Mark Whelan of Fantini & Gorga secured the fnancing for the undisclosed borrower. NEDDE REAL ESTATE BROKERS 5,000 SF WAREHOUSE LEASE WILLISTON, VT. — Nedde Real Estate has arranged the lease of 5,000 square feet of warehouse/storage space at 54 Echo Place in Williston. Green Moun- tain Imports, the parent company of, will occupy the space. The property is owned by Malcolm Willard. Grant Butterfeld of Nedde Real Estate brokered the transaction. N O R T H E R N N E W E N G L A N D

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